Mining firms remain resilient amid Covid-19 but risks still linger-PwC
The Top 40 mining firms are so far weathering the COVID-19 storm mostly unscathed, and certainly better than many other sectors, a new report has shown.
The Mine 2020 report by PwC says the finding...
Cement consumption in Kenya fall in first half of 2017
Data from Kenya National Bureau of Statistics (KNBS) reveals that Cement consumption in Kenya fell by 62,000 metric tonnes in the first five months of 2017.
The report projects a possibility of first annual decline...
China’s loans to poor nations unsustainable- US official
A US official has cast aspersions on debt that poor nations owe China saying they are not sustainable.
Ray Washburne, chief executive of Overseas Private Investment Corporation (OPIC) told Reuters Monday that the huge infrastructure projects...
Construction firm Mota-Engil Africa eyes $1.8b projects in Nigeria
Construction firm Mota-Engil SGPS SA has entered into a joint agreement with Nigerian oil firm Shoreline Group positioning the Portuguese firm to secure projects in Nigeria worth as much as $1.8 billion.
Chief executive officer of...
Greenpeace Africa criticizes Uganda-Tanzania oil pipeline deal
Greenpeace Africa Senior Political Advisor, Fredrick Njehu has raised concerns on the planned construction of a $3.5 billion 1,440 Kilometers long crude oil pipeline, saying east Africa was championing a future that is powered...
Bamburi net profit drops, cuts dividend payout
Largest cement maker in Kenya by share Bamburi has announced it suffered a 36.21 per cent drop in profit to Sh1.85 billion from Sh2.9 billion a year earlier in half-year net profit for the...
Kenya’s property market depicts resilience as Covid-19 disrupts global economies
K enya's property market depicted resilience even as uncertainty grew towards the end of the quarter when Kenya recorded the first case of the COVID-19 pandemic, a report from real estate consultancy firm Hass...
Property prices remain stagnant in Nairobi-report
HassConsult today unveiled the results of its property price indices for the second quarter of 2021, revealing that asking prices for property remain stagnant at a negligible 0.1 percent drop in the quarter.
The property...
South Africa seeks exclusion from US tariffs on imported metals
South Africa has formally made a request to the US government to exempt it from recent proclamations that sought to hike tariffs on imported metals, the country's Department of Trade and Industry said Friday.
Early...
BioNTech plans Construction of mRNA Vaccine manufacturing plant in Africa
BioNTech plans to initiate the construction of the first state-of-the-art manufacturing site for mRNA-based vaccines in the African Union in mid-2022.
This is the next step in BioNTech’s efforts to implement sustainable end-to-end vaccine...
